AMD 2013 Annual Report Download - page 86

Download and view the complete annual report

Please find page 86 of the 2013 AMD annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

In March 2013, the Company sold and leased back land and office buildings in Austin, Texas. The Company
received net cash proceeds of $164 million in connection with the sale and recorded a $52 million charge in the
first quarter of 2013. The operating lease expires in March 2025 and provides for one 10-year optional renewal.
In March 2013, the Company also sold an office building in Markham, Ontario, Canada, and leased back a
portion of the original space through June 2013. The Company received net proceeds of $13 million in
connection with the sale and recorded a $6 million gain in the first quarter of 2013.
The net charge of $24 million in 2013 related to the real estate transactions described above are recorded as
“Restructuring and other special charges, net” on the consolidated statements of operations.
NOTE 6: Supplemental Balance Sheet Information
Accounts receivable
December 28,
2013
December 29,
2012
(In millions)
Accounts receivable .................................. $832 $632
Allowance for doubtful accounts ........................ — (2)
Total accounts receivable, net .......................... $832 $630
Inventories
December 28,
2013
December 29,
2012
(In millions)
Raw materials ....................................... $ 30 $ 29
Work in process ..................................... 727 357
Finished goods ...................................... 127 176
Total inventories, net ................................. $884 $562
Property, plant and equipment
December 28,
2013
December 29,
2012
(In millions)
Land and land improvements ........................... $ 3 $ 31
Buildings and leasehold improvements ................... 246 591
Equipment ......................................... 1,466 1,585
Construction in progress .............................. 18 11
1,733 2,218
Accumulated depreciation and amortization ............... (1,387) (1,560)
Total property, plant and equipment, net .................. $ 346 $ 658
Depreciation expense for 2013, 2012 and 2011 was $139 million, $179 million and $217 million,
respectively.
78